Independent journal on economy and transport policy
08:01 GMT+2
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Gulf Holding Navigation has ordered the construction of two VLCC to the yard Zhoushan Jinhaiwan Shipyard
Signed an agreement of chartering of the two new ships with the Grand one Holding Logistics (Group) Co Lowers.
April 21, 2011
The Gulf Holding Navigation of Raw Dubay has ordered the construction of two Very Large Carriers to the Chinese ship yard Zhoushan Jinhaiwan Shipyard Co. The two new ships, that they will be taken in delivery in December 2012 and in May 2013, will have an ability to 320.000 gross capacities in tons and will be able to transport beyond two million barrels of crude oil each.
Meanwhile Gulf Holding Navigation has undersigned an agreement of chartering of two new VLCC with the Chinese Grand Lowers Holding Logistics (Group) Co. for a period 10-year-old. The society of Dubay has announced that the chartering contract has a value of about 1,05 billion dirham (284,7 million dollars) and previews a mechanism of profit-sharing once reached a maximal one.
Gulf Holding Navigation has emphasized as the agreements of with companies Chinese construction and chartering constitute own income in the Chinese market that is recording a decided increase of the oil consumption: in the 2015 - it has explained the company - question of crude oil by China it is previewed to go up to 10,5 million barrels to the day regarding 8,1 million barrels to the day in 2009.
The two new ships will place side by side the units Gulf Eyadah and Gulf Navigation of the Gulf Holding Navigation carrying to four the units of the fleet of VLCC of the company for an eight ability million barrels.
Gulf Holding Navigation previews to elevate within 2015 to nine the number of ships VLCC of own fleet, for an ability to 18 million barrels. The expansion program previews also the widening of the fleet of ships to chimichiere and the income of the company in the markets offshore and Aframax let alone the quotation own branches on the securities markets.
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